Moody’s

Global credit rating agency Moody’s Investors Service has reaffirmed Reliance Industries Ltd’s (RIL) long-term issuer rating at Baa2 with a stable outlook, underscoring the company’s robust business model, diversified revenue streams, and strong financial flexibility. The agency said RIL’s credit profile remains resilient, backed by its dominant position across energy, retail, and digital services.

Global rating agency Moody’s Investors Service has revised the outlook on JSW Steel from “stable” to “positive,” reflecting the company’s improving credit profile, robust operating performance, and strong demand environment for steel. The agency affirmed JSW Steel’s Ba2 corporate family rating, citing the company’s disciplined capital allocation, deleveraging efforts, and resilience despite global volatility. Rising infrastructure investment in India, coupled with steady exports, has bolstered the steelmaker’s growth prospects.

Moody’s Investors Service has reaffirmed India’s sovereign credit rating at Baa3 with a stable outlook, highlighting the country’s resilient growth trajectory, strong external buffers, and dependable domestic financing framework. While the agency acknowledged India’s structural economic strengths, it also flagged enduring fiscal challenges, including a high debt burden and weak revenue base, as obstacles to an upgrade. The decision comes shortly after S&P’s recent upgrade of India to BBB, underscoring differing perspectives among global rating agencies.

Yes Bank received a significant confidence boost from Moody’s Ratings on Friday, as the global credit agency upgraded its long-term foreign and local currency bank deposit ratings from Ba3 to Ba2. The move reflects a steady enhancement in the bank’s credit fundamentals, including improved capital buffers, higher loan loss reserves, and better asset quality metrics. The bank’s gross non-performing loan ratio dropped sharply to 1.6% by March 2025, while its provision coverage rose to 80%.

Moody’s Ratings has downgraded the United States’ long-standing Aaa credit rating to Aa1, marking a historic shift in how global markets may perceive the fiscal reliability of the world’s largest economy. The downgrade, attributed to rising federal debt and persistent fiscal deficits, drew immediate political backlash, particularly from former President Donald Trump's camp. White House representatives questioned the credibility and motives behind the move, fueling a broader debate over the intersection of economic analysis and political influence.